Mindbody Conducts Layoffs as it Cites Economic Uncertainty
The number of employees affected by the fitness SaaS company’s layoffs is unknown
Mindbody has reduced its workforce, laying off an unknown number of employees.
The SaaS company is citing economic uncertainty for its decision.
This is the second time in recent years that Mindbody has conducted layoffs. In April 2020, during the height of the pandemic, the fitness tech company reduced its staff by roughly 700 employees.
According to the health and wellness tech company, it intends to build “a more resilient platform,” reports The Tribune. The SaaS company is one of the largest employers in San Luis Obispo, California.
Just last month, the wellness tech platform announced a partnership with Brivo, a cloud-based security solution through which Mindbody studios and owners can better protect their businesses.
Impacted employees took to LinkedIn to share the news and search for new job opportunities. While it is unclear which Mindbody departments or offices were affected by the layoffs, posts on LinkedIn included a customer success manager, an account executive, a project manager, an employee in partner development, and others in sales and marketing.
“While the wellness industry continues to recover from the impact of the pandemic, increased economic uncertainty and inflationary pressures have slowed progress and created new challenges for our industry to navigate,” Tracy Richmond, Mindbody media representative, told The Tribune. “While these changes are incredibly difficult, and will be deeply felt across our entire organization, they will ultimately help us build a more resilient platform capable of meeting evolving market dynamics while better positioning our company for long-term growth.”
Last fall, Mindbody acquired ClassPass, a monthly wellness subscription service. The technology firm recently inked a multi-year agreement with Corporate Sports Unlimited and Kinélite, which operates 17 wellness clinics across Canada.
